Another "Recession Dead Ahead" Indicator Just Hit

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During the FOMC press conference this week, Janet Yellen was pushed by Bloomberg’s Kathleen Hays to explain why she hiked rates amid what was evidently not a surging economy.

While Q1 looks to be the weakest economic growth period for a rate hike since 1980… 

 

Today we got some more weakness-confirming real-time ‘hard’ data confirming the facts that the US economy is anything but as strong and resilient as Yellen proclaimed it.

Industrial Production has never declined on a 24-month basis without the US economy being in recession

So, dear Janet, explain yourself (or just blame the weather… for 29 straight months).

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